Australia and Oceania: Motor Boat Market 2024

Motor Boat Market Size in Australia and Oceania

After two years of growth, the motor boat market in Australia and Oceania decreased by -42.9% to $X in 2021. Overall, consumption, however, showed a significant increase. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Motor Boat Production in Australia and Oceania

In value terms, motor boat production dropped rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 569% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell dramatically in the following year.

Motor Boat Exports

Exports in Australia and Oceania

In 2021, approx. X units of motor boats and motor yachts, for pleasure or sports were exported in Australia and Oceania; which is down by -11.2% against the previous year. Overall, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 174%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, motor boat exports fell modestly to $X in 2021. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 118%. The level of export peaked at $X in 2020, and then reduced slightly in the following year.

Exports by Country

In 2021, Australia (X units) was the key exporter of motor boats and motor yachts, for pleasure or sports, committing 80% of total exports. It was distantly followed by New Zealand (X units), mixing up an 18% share of total exports.

Australia was also the fastest-growing in terms of the motor boats and motor yachts, for pleasure or sports exports, with a CAGR of +8.3% from 2012 to 2021. New Zealand (-2.2%) illustrated a downward trend over the same period. While the share of Australia (+18 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-17 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest motor boat supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +10.9%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, surging by 8.5% against the previous year. In general, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2019 when the export price increased by 55%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+12.4%).

Motor Boat Imports

Imports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in supplies from abroad of motor boats and motor yachts, for pleasure or sports, when their volume decreased by -34.2% to X units. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 760% against the previous year. As a result, imports attained the peak of X units, and then contracted significantly in the following year.

In value terms, motor boat imports soared to $X in 2021. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 140% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Marshall Islands was the key importer of motor boats and motor yachts, for pleasure or sports in Australia and Oceania, with the volume of imports amounting to X units, which was approx. 81% of total imports in 2021. It was distantly followed by Palau (X units), constituting a 12% share of total imports. New Zealand (X units) held a little share of total imports.

Marshall Islands was also the fastest-growing in terms of the motor boats and motor yachts, for pleasure or sports imports, with a CAGR of +126.6% from 2012 to 2021. At the same time, Palau (+79.1%) and New Zealand (+10.1%) displayed positive paces of growth. While the share of Marshall Islands (+80 p.p.) and Palau (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-18.4 p.p.) displayed negative dynamics.

In value terms, Marshall Islands ($X) constitutes the largest market for imported motor boats and motor yachts, for pleasure or sports in Australia and Oceania, comprising 69% of total imports. The second position in the ranking was held by New Zealand ($X), with a 7.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Marshall Islands totaled +62.2%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+14.4% per year) and Palau (+22.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, surging by 83% against the previous year. In general, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 112%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Palau ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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